Xmas Massacre followed by New Year Massacre?

Still no new years massacre! Doesnt look like its happening this week......

Still theres always the final hour of trading! :eek:

 

WTF,


why the sell off these last 10 minutes.


:eek: :eek:

 

No idea, maybe taking a bit of money off the table before the big one tomorrow?? - but it retraced pretty quick. Still a lot of buyers out there......

 

QUIZ:
1. you are a hedge fund manager
2. you are expecting the market to go +10% for 2010
3. after 4 days of the year SPY +2.5% YTD
4. why would not you sell now and wait for a good re-entry in the following 246 days?

 

In case you a) miss further gains, or b) mis-time your re-entry.

 

SPY -2% YTD, so the correct path was to lock in those quick gains IMHO.

 

keep your eye on the penny

www.coinlink.com/News/images/1930_proof_aussie_penny_coinworks.jpg

 

Much more important to protect your account than it is to worry about further possible gains, refer back to the mathematics of investing for clarification! Think strategically!

Best Regards

Johno

 

Wouldn't know where one might be laying around for free?

I was just looking at a pricing book an hour ago. I would expect that coins in general would be selling at a premium at the moment!

Best Regards

Johno